Bloomberg ETF analyst Eric Balchunas said on social media that the trading volume of ProShares Bitcoin Strategy ETF BITO last week was US$1.7 billion, which was the second largest trading volume since its listing. GBTC trading volume last week was $800 million.

Balchunas said, "This means that $2.5 billion is invested in two investment methods that are less ideal (compared to spot). Although we think spot ETFs are unlikely to set records on day one, there is clearly an audience. "#Meme #etf #gbtc #BTC #ETH $BTC $ETH $XRP